Limited Brands posts higher profit, lifts outlook

SAN FRANCISCO (MarketWtach) -- Limited Brands Inc.
LTD, +2.77%
whose product lines include Victoria's Secret and Bath & Body Works, reported late Wednesday third-quarter profit rose to $94.3 million, or 31 cents a share, from $61.3 million, or 18 cents, a year ago. Adjusted to exclude one-time items, the company's earnings rose to $77.6 million, or 25 cents a share. Revenue for the three months ended Oct. 29 rose to $2.17 billion from $1.98 billion. Analysts polled by FactSet Research, who typically cite adjusted earnings, had expected the company to earn 24 cents a share on $2.17 billion in sales. The company raised is full-year earnings outlook to $2.38 to $2.53 a share from $2.35 to $2.50. Limited Brands shares fell 57 cents, or 1.3%, to $42.40 in after-hours trade. The stock is up 38% over the past 12 months.

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